Biz-by Doan Tung Viet Nam's Government has demonstrated its willpower to develop special economic zones (SEZs) which it hopes will spearhead the country's growth. This issue has been high on the agenda in the face of the Fourth Industrial Revolution (Industry 4.0), at a time when Viet Nam is at a point where breakthrough institutional reform is necessary. Vo Tri Thanh The three SEZs will be located in the coastal districts of Van Don in the northern province of Quang Ninh; Bac Van Phong in the central province of Khanh Hoa, and Phu Quoc Island. The idea of establishing prominent economic zones is not a new one in Viet Nam. It was first put on the table in the early stages of the country's economic opening. The country planned to develop Cai Bau and Con Dao islands into special economic zones in early 1990s, Phu Quoc Island in the mid-1990s and the city of Hai Phong in 1997-98, but all of these plans fell through. In early 2000s, the Chu Lai Open Economic Zone was established in the south of Quang Nam Province, becoming Viet Nam's first coastal economic zone with the Government's support and preferential mechanisms. Though it has… Read full this story
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